[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[ddink7]

For anybody that's concerned about the price of Dash at a given point in time, consider two very big factors outside our control: the correlation with Ethereum's price and the inverse correlation with Bitcoin's price. With a few exceptions, significant increases in the price of ETH tend to benefit Dash by focusing attention on altcoins, while significant increases in the price of BTC do the exact opposite. In the last major BTC price increase (late last year), our price in BTC terms was cut in half (roughly .011 to .0055), although in dollars we stayed relatively stable.

I mention this because I know there's always concern when people see the price move, particularly in the "wrong" direction. It shouldn't be a concern over the long-term; we're a very small project that's being driven about by the waves and eddies of those that are much larger than us. I do not believe this will always be the case.

[Solarminer]

Hello everyone, quick tech question:

Why does this monthly superblock kick my masternodes offline? Nearly every month I've had to reset at least 2-3 of my masternodes after a superblock has gone through. I also notice the masternode count drops significantly at this time also which suggests it's not just me that gets this problem?

Cheers

Walter

For all I know, mine does that too, but I have set a cron job to keep my MN running so they don't fall off the grid.  You really need to set this up.  I think moocowmoo has instructions somewhere on the forum?!

https://www.dash.org/forum/threads/auto-restart-the-masternode.3103/

That link is pretty old.  This post from August has the best info.

https://bitcointalk.org/index.php?topic=421615.msg12254611#msg12254611

UdjinM6 started the top commands and moocowmoo added the way to enable and disable easily.

Dashwhale also has a restart script and checks if they daemon is on the right block.  It will restart and email you if there is a problem.

[xxxgoodgirls]

Hello everyone, quick tech question:

Why does this monthly superblock kick my masternodes offline? Nearly every month I've had to reset at least 2-3 of my masternodes after a superblock has gone through. I also notice the masternode count drops significantly at this time also which suggests it's not just me that gets this problem?

Cheers

Walter

For all I know, mine does that too, but I have set a cron job to keep my MN running so they don't fall off the grid.  You really need to set this up.  I think moocowmoo has instructions somewhere on the forum?!

https://www.dash.org/forum/threads/auto-restart-the-masternode.3103/

That link is pretty old.  This post from August has the best info.

https://bitcointalk.org/index.php?topic=421615.msg12254611#msg12254611

UdjinM6 started the top commands and moocowmoo added the way to enable and disable easily.

Dashwhale also has a restart script and checks if they daemon is on the right block.  It will restart and email you if there is a problem.

Very informative and useful. Thank you both.

[qwizzie]

http://www.coindesk.com/crisis-halving-bitcoin-mining/

[TanteStefana2]

http://www.coindesk.com/crisis-halving-bitcoin-mining/

I dunno Qwizzie, last September/October, less than 9 months ago, the price was less than half of what it is today.  Now I don't know how new the average equipment is, or how long it stays online, but I can't imagine that equipment is getting more expensive today than 9 months ago (where I think the race with asics was much harsher).  So my guess, personally, is that BTC has risen in anticipation of the halving and that the rest is miner propaganda to try and raise the price more (for more profit).

If they keep pushing this hysteria, they may get another big rise in BTC price, but I think it'll fall again when the demand for BTC can't be sustained.

Me?  I just stick with Dash because, personally, I think it's the only coin with real long term value.  But I'm no expert, and there is a lot of interesting stuff going on out there in blockchain world, but Dash is what pulls my heart strings, because if Dash is successful, we will have truly changed the world .

[CryptoBrother]

http://www.coindesk.com/crisis-halving-bitcoin-mining/

this pump we are seeing is part of the halving for sure. so when we get there the price will already be where it needs to be.

[spatula]

Well that's a big buywall

[Otoh]

lol WTF as dick swinging goes, that's impressive O_O

[tungfa]

What money without borders or bankers looks like

http://www.theglobeandmail.com/report-on-business/what-money-without-borders-or-bankers-looks-like/article30284066/

Dash mentioned
 

[iCEBREAKER]

For anybody that's concerned about the price of Dash at a given point in time, consider two very big factors outside our control: the correlation with Ethereum's price and the inverse correlation with Bitcoin's price.

Blaming external factors is a lame excuse for Dash's recent price crash, especially after using the BTC-E listing (hello, external factor) as an excuse to pump and shill.

How did the rosy predictions about BTC-E turn out?

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1    Poloniex   DASH/BTC    370 BTC   0.01327950 BTC    49.83 %    Recently
6    BTC-E   DASH/BTC    16 BTC   0.01330000 BTC    2.20 %    Recently

The real problem isn't "not enough listings" but rather the fact the market is now aware of the instamine and general lack of a fixed emission.

Everybody knows Dash has no fixed emission (nor brand, nor core mission other than to pay Duffield's bills).

There's no way to tell when the next wacky proposal (EG massive emission cut to amplify instamine, rebrand to soap name, etc.) will be arbitrarily imposed by the 100% centralized DARKCOIN FOUNDATION INC. governance structure.

Perfect example of my point right here:

ShadowCash Proposal Conditions

1.) Converted funds will be locked for a period of 90 days
2.) We're looking for some kind of commitment from the core team that they'd work on darkcoin for at least a year beyond this. They could work on whatever they like, at the pace they're working now.
3.) DRK Will be paid for in a 1:1 relationship, dollar wise from this moment forward.  494909 (SDC MarketCap) / 9833182 (DRK Market Cap), therefore 5.03% of the total number of DRK coins will be created on a future block, totaling 240277DRK. The exchange rate will be 31.33SDC for 1DRK.
4.) SDC users will be awarded DRK based on coins destroyed and signed (sign the private key proving you own the key). A user will send coins to a non-redeemable address, if those coins for example equal 1% (64435 SDC) of the total number of SDC ( that would amount to 2056DRK being awarded.

Evan, I had no idea you were considering "printing" more Darkcoins to bail out ShadowCash. There should be a better solution. This will create a bad precedent and what will stop you not 'print' more money in the future? Ok, I get it, we need new dev team but we don't have to bail out a failing coin. Let's think about an alternative plan.

I don't think "printing" is a good analogy to what we're doing. It's more like moving their marketcap in ours, remember they're destroying coins to create them in Darkcoin. Besides that, we've talked about reducing the eventual coin supply to compensate for the new coins, so there's actually no inflationary effect in the long term. I'll add this to the document.

Also, we're not acting unilaterally. There was an idea that has been proposed to their team and will only be done with the consent of the community.

Be that as it may, you are altering the reward structure by being able to print a superblock to increase the coin supply. It goes against what crypto stands for. The decision to change the reward in terms of balance between miners and masternodes didn't change the max coinage--it was still the same block reward, but split differently. What you're talking about is actually changing the amount of outstanding coins... please tell me you see that.

What happens 6 months from now when another opportunity arises, are we just going to print another superblock to merge with them? Where do you draw the line?

This is beyond preposterous for two reasons:

a) You're going to dilute my DRK holdings to merge us with some shitcoin nobody has ever heard of?

b) You have the power to do so? Isn't crypto all about decentralization and math-based consensus to a (relatively) immutable basic protocol? I realize we are still in the development stages of DRK and consequently Evan has an unusual amount of power (e.g. enforcement), but this is a real reach. One person creating more coins in direct contravention of the basic protocol? If Evan can create more coins any time he wishes, how is he any different than the Federal Reserve?

c) This *WILL* fork DRK. Guaranteed. Look at the massive amount of opposition so far...I haven't counted but it looks about 2:1 against. Even if you reverse those numbers, you will have a significant number of DRK owners who *WILL* fork DRK into another coin. And then what do you have? The exact brain-drain you were hoping to avoid, plus market ambiguity, plus a massive loss of investor confidence.

P.S. Even with the reward structure of future blocks being altered to prevent inflation, the creation of a superblock by the DRK devs *after implementation* will rock our coin onto its heels. If one person (Evan) can create more DRK for a good reason, what's to prevent him from creating more DRK for a bad reason (at some point down the road)?

I have been one of DRK's biggest supporters, and everybody here knows this. But hearing that the dev team is even considering something like this makes me almost want to sell my coins. It's that bad of an idea.

[MasterMined710]

Desperate FUD 

 

In other news....

CoinJoin: Combining Bitcoin Transactions to Obfuscate Trails and Increase Privacy

Schnorr signatures could allow for the aggregation of all signatures in a CoinJoin transaction into a single signature. This efficiency should result into lower transaction fees per input, and perhaps stimulate use of the most private and fungibility-friendly solution.
https://bitcoinmagazine.com/articles/coinjoin-combining-bitcoin-transactions-to-obfuscate-trails-and-increase-privacy-1465235087

Could these "Schnorr signatures" benefit DASH?

[tungfa]

Desperate FUD 

i totally agree
lame lame lame
 

[frontier8]

good time to buy in DASH now.

[stealth923]

good time to buy in DASH now.

Am buying some now - wont be long before we are back above $8

[ddink7]

lol WTF as dick swinging goes, that's impressive O_O

I'd say - lol

If anybody wants to get out...... Looks like now would be a good time to do it without completely crashing the market - lol

As great as this is, remember that walls can be pulled or moved. Remember that moving wall that shot us up really high last year, and then got pulled?

Otoh is a hodler, yes. But he's also a trader. A very smart one. He's not likely to pay more than necessary; if he thinks he can buy 22,000 DASH at 0.0125 rather than 0.013, why wouldn't he?

[DARKHOLDER]

good time to buy in DASH now.

Am buying some now - wont be long before we are back above $8

Do You think btc drop this week a little?

[Honest Tim]

good time to buy in DASH now.

Am buying some now - wont be long before we are back above $8

Do You think btc drop this week a little?

nope, up to $650 just before the w/e.

[ddink7]

good time to buy in DASH now.

Am buying some now - wont be long before we are back above $8

Do You think btc drop this week a little?

nope, up to $650 just before the w/e.

Fundamentally, here's what I see:

a) Bitcoin is now (finally) in a bull market. It was pummeled from $1150 all the way to $170 in an incredibly devastating two year bear market. Bitcoin has come a long way since November 2013, and it's not unreasonable to assume that it's been undervalued for months. When something is overvalued (Nov 2013) it typically crashes. When something is undervalued (late 2015) it usually soars. It's kind of like political elections in a two-party system, where one party rarely maintains control indefinitely.

b) The blocksize debate has probably been holding Bitcoin back, significantly, in terms of price appreciation. The debate is not yet resolved, but SegWit is ready to go (pending 95% signalling), and Lightning Network is in beta, and presumably ready to go once SegWit is accepted (SegWit is necessary to fix malleability). This is a long way from where we were last year, with a raucous debate and no solutions on the immediate horizon. Argue all you want about off-chain versus on-chain scaling, but I think the market is realizing that the problem of full blocks is about to go away.

c) The Halving. This is a big deal, and one that I think will generate a lot of hype in the media in the coming weeks. There is some fear of a "death spiral" due to miners being removed from the network and a new difficulty adjustment taking too long, but I think the risks of that are minimal--particularly if the price continues to appreciate (which will make marginal miners profitable). Some people say it's "priced in" because we knew the Halving was coming. Others, like me, say that it's always a bad idea to underestimate the power of hype. Bitcoin has been getting a lot of national media exposure...I don't think they're going to fail to report on this event.

In terms of technical analysis:

a) Bitcoin just exited a six month symmetric triangle, where the price compressed very tightly. It was likely to make a big move, one way or the other, and it moved upwards. That's a very big triangle, and I doubt that a 40% move is all that's going to happen.

b) The technicals also show a bull flag, with the flag part as an ascending triangle. This also makes it likely that the price will rise.

c) There are two major psychological barriers right now: $600 and 4000 CNY. Of the two, the 4000 CNY (about $610) is probably more significant, because of the supposed tetraphobia of the Chinese. Both those barriers are holding the price back right now. If...and it's an if...Bitcoin manages to surmount those two barriers, then a significant "drag" or "resistance" will be removed, and they will become support. The next level of resistance is around $660 - $680.

Anything could happen, and Bitcoin is famous for those massive $100 retraces that wreck everybody, but odds are in favor of continued appreciation. Which unfortunately means that Dash will probably trend down for a while longer yet. This shouldn't be an issue, because anybody that sells their Dash for less than $1000 is shortchanging themselves. Hodl =)

[DARKHOLDER]

good time to buy in DASH now.

Am buying some now - wont be long before we are back above $8

Do You think btc drop this week a little?

nope, up to $650 just before the w/e.

Fundamentally, here's what I see:

a) Bitcoin is now (finally) in a bull market. It was pummeled from $1150 all the way to $170 in an incredibly devastating two year bear market. Bitcoin has come a long way since November 2013, and it's not unreasonable to assume that it's been undervalued for months. When something is overvalued (Nov 2013) it typically crashes. When something is undervalued (late 2015) it usually soars. It's kind of like political elections in a two-party system, where one party rarely maintains control indefinitely.

b) The blocksize debate has probably been holding Bitcoin back, significantly, in terms of price appreciation. The debate is not yet resolved, but SegWit is ready to go (pending 95% signalling), and Lightning Network is in beta, and presumably ready to go once SegWit is accepted (SegWit is necessary to fix malleability). This is a long way from where we were last year, with a raucous debate and no solutions on the immediate horizon. Argue all you want about off-chain versus on-chain scaling, but I think the market is realizing that the problem of full blocks is about to go away.

c) The Halving. This is a big deal, and one that I think will generate a lot of hype in the media in the coming weeks. There is some fear of a "death spiral" due to miners being removed from the network and a new difficulty adjustment taking too long, but I think the risks of that are minimal--particularly if the price continues to appreciate (which will make marginal miners profitable). Some people say it's "priced in" because we knew the Halving was coming. Others, like me, say that it's always a bad idea to underestimate the power of hype. Bitcoin has been getting a lot of national media exposure...I don't think they're going to fail to report on this event.

In terms of technical analysis:

a) Bitcoin just exited a six month symmetric triangle, where the price compressed very tightly. It was likely to make a big move, one way or the other, and it moved upwards. That's a very big triangle, and I doubt that a 40% move is all that's going to happen.

b) The technicals also show a bull flag, with the flag part as an ascending triangle. This also makes it likely that the price will rise.

c) There are two major psychological barriers right now: $600 and 4000 CNY. Of the two, the 4000 CNY (about $610) is probably more significant, because of the supposed tetraphobia of the Chinese. Both those barriers are holding the price back right now. If...and it's an if...Bitcoin manages to surmount those two barriers, then a significant "drag" or "resistance" will be removed, and they will become support. The next level of resistance is around $660 - $680.

Anything could happen, and Bitcoin is famous for those massive $100 retraces that wreck everybody, but odds are in favor of continued appreciation. Which unfortunately means that Dash will probably trend down for a while longer yet. This shouldn't be an issue, because anybody that sells their Dash for less than $1000 is shortchanging themselves. Hodl =)

So - what now I see is btc correction? btc now at 570$ at bitfinex..

[ddink7]

good time to buy in DASH now.

Am buying some now - wont be long before we are back above $8

Do You think btc drop this week a little?

nope, up to $650 just before the w/e.

Fundamentally, here's what I see:

a) Bitcoin is now (finally) in a bull market. It was pummeled from $1150 all the way to $170 in an incredibly devastating two year bear market. Bitcoin has come a long way since November 2013, and it's not unreasonable to assume that it's been undervalued for months. When something is overvalued (Nov 2013) it typically crashes. When something is undervalued (late 2015) it usually soars. It's kind of like political elections in a two-party system, where one party rarely maintains control indefinitely.

b) The blocksize debate has probably been holding Bitcoin back, significantly, in terms of price appreciation. The debate is not yet resolved, but SegWit is ready to go (pending 95% signalling), and Lightning Network is in beta, and presumably ready to go once SegWit is accepted (SegWit is necessary to fix malleability). This is a long way from where we were last year, with a raucous debate and no solutions on the immediate horizon. Argue all you want about off-chain versus on-chain scaling, but I think the market is realizing that the problem of full blocks is about to go away.

c) The Halving. This is a big deal, and one that I think will generate a lot of hype in the media in the coming weeks. There is some fear of a "death spiral" due to miners being removed from the network and a new difficulty adjustment taking too long, but I think the risks of that are minimal--particularly if the price continues to appreciate (which will make marginal miners profitable). Some people say it's "priced in" because we knew the Halving was coming. Others, like me, say that it's always a bad idea to underestimate the power of hype. Bitcoin has been getting a lot of national media exposure...I don't think they're going to fail to report on this event.

In terms of technical analysis:

a) Bitcoin just exited a six month symmetric triangle, where the price compressed very tightly. It was likely to make a big move, one way or the other, and it moved upwards. That's a very big triangle, and I doubt that a 40% move is all that's going to happen.

b) The technicals also show a bull flag, with the flag part as an ascending triangle. This also makes it likely that the price will rise.

c) There are two major psychological barriers right now: $600 and 4000 CNY. Of the two, the 4000 CNY (about $610) is probably more significant, because of the supposed tetraphobia of the Chinese. Both those barriers are holding the price back right now. If...and it's an if...Bitcoin manages to surmount those two barriers, then a significant "drag" or "resistance" will be removed, and they will become support. The next level of resistance is around $660 - $680.

Anything could happen, and Bitcoin is famous for those massive $100 retraces that wreck everybody, but odds are in favor of continued appreciation. Which unfortunately means that Dash will probably trend down for a while longer yet. This shouldn't be an issue, because anybody that sells their Dash for less than $1000 is shortchanging themselves. Hodl =)

So - what now I see is btc correction? btc now at 570$ at bitfinex..

Good question--as soon as I say something....